E3 Journal of Business Management and Economics

E3 Journal of Business Management and Economics Vol. 4 (9) pp. 195-199, September 2013; © E3 Journals; ISSN 2141-7482

The Incorporation of Entrepreneurship in Black Economic Empowerment Programmes in South Africa

Abstract

Entrepreneurship is sometimes seen as a process of few peoples. Although some persons have innate abilities as entrepreneurs, many can also develop this capacity in their life through a learning process. At the heart of entrepreneurship is the creation and/or recognition of opportunities. Therefore, entrepreneurship can help disposed people to change their social life, from poverty to wealth. On the other hand, Black Economic Empowerment (BEE) is a policy aimed at empowering previously disadvantaged people in South Africa. Therefore, what is the link between BEE and entrepreneurship? The history of the United States could assist us in explaining how entrepreneurship can contribute to job creation and change the lives of millions of people in South Africa. How this can be achieved? How can entrepreneurial mindset be implemented among the black population? These questions and others are going to ground the paper. This paper will explain why to focus on entrepreneurship as a remedy to improving black sʼ lives and reduce poverty. The paper will develop definitively, entrepreneurship as an alternative way of implementing BEE in an entrepreneurial context. Some recommendations will be given for an effective and efficient implementation of entrepreneurship within BEE programmes.

Keywords: Black Economic Empowerment, entrepreneurship, South Africa.